Altor Fund VI Acquires Eltera Gruppen AS from Valedo Partners

Bain Capital Acquires Controlling Stake in Eleda from Altor

December 11, 2023

Infrastructure

Bain Capital Private Equity has agreed to acquire a controlling stake in Eleda, the Stockholm-headquartered Nordic infrastructure projects and services group, from Altor, which will retain a minority stake. Eleda's founders and management will reinvest, and Bain will partner with the team to accelerate growth—particularly in segments tied to the green transition such as water, power distribution, district heating, roads, data centres and EV charging.

Valedo Partners Invests in Proteria AS

January 31, 2023

Software

Valedo Partners III AB has made a growth investment in Proteria AS, a Norwegian provider of freight, transport administration and customs management software. The partnership will provide capital and competence to accelerate Proteria’s expansion and growth; Proteria’s previous owners, employees and board members also participated as investors.

Valedo Partners Invests to Form Eltera Gruppen, a Norway Electrical Services Platform

April 6, 2022

Electrical Services

Valedo Partners III AB has invested in eight businesses to create Eltera Gruppen, a full-service electrical installation and maintenance group operating through 16 branches across Norway with combined revenues of around 1 billion NOK. Founders, board members and employees co-invested alongside Valedo; financial terms were not disclosed.

Valedo Partners Forms Sefbo Platform by Investing in >15 Norwegian Housing Services Businesses

November 11, 2020

Real Estate

Valedo Partners III AB has invested to establish Sefbo, a newly created group combining more than 15 local service companies that supply technical, winter, gardening and financial services to housing cooperatives across Norway. The consolidated group has around 500 employees, serves roughly 2,000 housing cooperatives and will be led by CEO Tommy Fredriksen; terms were not disclosed.

Altus Intervention Management Acquires Altus Intervention from EQT VI

September 3, 2020

Oil & Gas

EQT VI has signed a definitive agreement to exit Oz MidCo AS (Altus Intervention) to members of Altus Intervention's management team in a transaction supported by a bank consortium. Headquartered in Stavanger, Norway, Altus Intervention is a leading provider of well intervention services and down-hole technology with ~1,100 employees and operations across ten countries; the transaction is expected to close in Q3 2020 and financial terms were not disclosed.

Eleda Group Acquired by Management Consortium from Triton

January 10, 2020

Construction

Funds advised by Triton have sold Eleda Infra Services Group to a consortium made up of the group's management team (led by Johan Halvardsson and Peter Condrup); terms were not disclosed. Eleda, headquartered in Stockholm, is a civil engineering and infrastructure services group operating regional companies with ~800 employees and pro forma sales of approximately SEK 3.0 billion (12 months to Sept 2019).